The cryptocurrency landscape is evolving rapidly, and Coinbase is positioning itself at the forefront with a bold expansion on its Ethereum Layer-2 network, Base. In a recent development, the exchange has confirmed plans to launch wrapped versions of XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) on Base—signaling a major step toward broader asset interoperability and decentralized finance (DeFi) integration.
These new tokens—dubbed cbXRP, cbDOGE, cbADA, and cbLTC—will each maintain a 1:1 peg with their native counterparts, ensuring price parity and seamless usability across Base’s growing ecosystem. While no official launch date has been announced, Coinbase has already published the official contract addresses for these tokens to protect users from fraudulent imitations.
This move comes as Base solidifies its position as the leading Ethereum Layer-2 by total value locked (TVL), surpassing competitors in adoption, transaction volume, and developer activity. With this expansion, Coinbase aims to make Base a central hub for mainstream crypto engagement.
Expanding Utility with cbXRP on Base
Coinbase’s introduction of cbXRP marks a significant milestone for both Ripple’s ecosystem and Base’s DeFi capabilities. The wrapped XRP will allow users to leverage XRP within decentralized applications (dApps), liquidity pools, and lending protocols on Base—just like they would with ETH or other ERC-20 compatible assets.
The official contract address for cbXRP is: 0xcb585250f852C6c6bf90434AB21A00f02833a4af
By releasing this information early, Coinbase is proactively combating scams involving fake “wrapped” tokens that often deceive unsuspecting investors. Users are strongly advised to verify this address before interacting with any token claiming to be cbXRP.
"cbADA, cbDOGE, cbLTC, cbXRP coming soon.
These assets are not yet live or available. We will announce their launch at a later date."
— Coinbase Assets 🛡️ (@CoinbaseAssets)
While details about the wrapping mechanism remain limited, industry analysts expect it to mirror the structure used for cbBTC—Coinbase’s wrapped Bitcoin, which holds a market cap of over $4.47 billion. This suggests a custodial model where native coins are securely held while their tokenized equivalents circulate on Base.
With XRP’s strong community presence and frequent use in cross-border payments, cbXRP could significantly boost liquidity and transaction activity across Base-based platforms.
👉 Discover how wrapped assets are reshaping DeFi on leading Layer-2 networks.
Bringing Dogecoin to Base: The Rise of cbDOGE
Dogecoin, the original meme coin with enduring popularity, is also getting a wrapped upgrade via cbDOGE. This addition underscores Coinbase’s commitment to supporting widely recognized digital assets beyond the top-tier cryptocurrencies.
The official contract address for cbDOGE is: 0xcbD06E5A2B0C65597161de254AA074E489dEb510
Like other wrapped tokens on Base, cbDOGE will be fully pegged to the value of native DOGE and usable across DeFi protocols such as decentralized exchanges (DEXs), yield farms, and staking platforms. Its integration aims to attract Dogecoin holders who want exposure to DeFi without selling their long-term holdings.
Base has already seen explosive growth in stablecoin usage and user engagement. According to on-chain data shared by Jesse Pollak, founder of Base, stablecoin transactions on the network have surged—indicating rising trust and utility.
With cbDOGE, users gain new ways to participate in yield-generating strategies using an asset traditionally seen more as a speculative or cultural phenomenon than a functional DeFi tool.
Broadening Asset Support with cbADA and cbLTC
In addition to XRP and DOGE, Coinbase is extending its wrapped token suite to include Cardano (ADA) and Litecoin (LTC)—two foundational projects in the crypto space with large, loyal communities.
- cbADA contract address:
0xcbADA732173e39521CDBE8bf59a6Dc85A9fc7b8c - cbLTC contract address:
0xcb17C9Db87B595717C857a08468793f5bAb6445F
Neither token is currently active, and Coinbase has reiterated that trading should not occur until an official announcement is made.
The inclusion of cbADA opens doors for Cardano supporters to engage with Base’s vibrant dApp ecosystem—an area where Cardano has historically lagged due to slower smart contract adoption. Meanwhile, cbLTC brings Litecoin into the modern DeFi era, allowing holders to utilize one of the oldest altcoins in innovative financial protocols.
These additions reinforce Base’s mission: to become a one-stop Layer-2 solution that bridges legacy cryptocurrencies with next-generation blockchain applications.
Why This Expansion Matters for DeFi and Users
Coinbase isn’t just adding tokens—it’s building an interconnected financial layer atop Ethereum’s scalability solution. By bringing high-profile assets like XRP, DOGE, ADA, and LTC onto Base, the exchange is:
- Increasing liquidity depth across DEXs and lending platforms.
- Enhancing user choice in DeFi participation.
- Strengthening Base’s network effects through broader asset availability.
- Reducing reliance on third-party bridges, which are often targets for hacks.
Moreover, Q1 2025 saw over $3.6 trillion in transaction volume on Base, fueled by rising stablecoin adoption and improved wallet infrastructure. Recent updates to the Coinbase Wallet—including encrypted messaging—further enhance user experience and security.
However, some concerns persist. Security experts have pointed out recurring account breaches linked to social engineering attacks on Coinbase users. As wrapped assets grow in value, safeguarding user accounts becomes even more critical.
👉 Learn how secure wallet practices can protect your digital assets in DeFi.
Frequently Asked Questions (FAQ)
When will cbXRP, cbDOGE, cbADA, and cbLTC launch?
Coinbase has not announced an official launch date. Users should only trust updates from official Coinbase channels and avoid trading pre-launch tokens.
Will these wrapped tokens be 1:1 backed?
Yes. Each wrapped token—cbXRP, cbDOGE, cbADA, and cbLTC—will maintain a 1:1 peg with its underlying asset, similar to how cbBTC operates.
How can I avoid fake versions of these tokens?
Always verify the official contract addresses published by Coinbase. Never interact with tokens that claim to be “coming soon” unless they match the verified addresses.
Can I use these tokens in DeFi protocols immediately?
No. These tokens are not yet live. Once launched, they will be fully functional across Base-native dApps like Uniswap, Aerodrome, and other DeFi platforms.
Is Base part of Ethereum?
Base is an Ethereum Layer-2 scaling solution built using the OP Stack. It offers faster transactions and lower fees while inheriting Ethereum’s security.
What makes Base different from other Layer-2 networks?
Base combines Coinbase’s massive user base with deep integration into its wallet and exchange services. This gives it a unique advantage in driving mainstream adoption of DeFi and on-chain activity.
👉 Explore how Layer-2 networks are revolutionizing blockchain scalability and access.
Final Thoughts
Coinbase’s move to introduce cbXRP, cbDOGE, cbADA, and cbLTC represents more than just a product rollout—it's a strategic play to dominate the future of asset interoperability on Ethereum’s Layer-2 landscape. With Base already leading in total value locked and transaction volume, these wrapped tokens could accelerate its path toward becoming a primary gateway between traditional crypto holders and decentralized finance.
For users, this means greater flexibility, enhanced yield opportunities, and improved access to innovation—all while maintaining trust through verified contracts and familiar infrastructure.
As always, patience and caution are key. Until official launches occur, no trading or deposits should take place. But when they do go live, expect significant momentum across the Base ecosystem.
Stay informed, stay secure, and prepare for a new wave of utility-driven crypto adoption.